Northeast
Boston Suburb the Site of Newest Legacy Park Apartment
The Federated Cos. announced earlier this week that it has purchased a 12-acre site in Wilmington, and plans to construct an MGL Chapter 40-B mixed-income rental community featuring a total of 108 units, to begin pre-leasing in early 2013.
Rosen Partners, Russian Conglomerate Join Forces on Joint Venture
New York-based Rosen Partners LLC is entering a joint venture with Alfa Group, one of Russia’s largest privately owned financial-industrial investment conglomerates.
Premier Boutique Condo Property on Park Avenue Secures TCO
The upscale Manhattan boutique condominium property known as 949 Park Avenue has just received a Temporary Certificate of Occupancy.
$60M Adaptive Reuse Project Kicks Off in N.J.
An industrial facility in the Garden State that first opened its doors in 1897 will soon be reborn as a modern multifamily destination now that Prism Capital Partners LLC has broken ground on the first phase of The Parkway Lofts.
Wartburg Puts Financing in Place for Affordable Seniors Housing
Wartburg Adult Care Community has completed the financing for Friedrichs Residence, a four-story building with 61 affordable senior apartments on a 34-acre site in Mt. Vernon, N.Y.
Work Begins on Fort Lee Apartments
BNE Real Estate Group has broken ground on Twenty50, a 194-unit apartment building near the George Washington Bridge in Bergen County, N.J., across from the uppermost reaches of Manhattan.
MiMA Condos Go Rental
The Related Cos. is putting 151 more residences at its development MiMA on the market as rental apartments, instead of the condos they were planned as under the name One MiMA Tower.
Affordable Development Brings Jobs to Central Maryland Town
An investment by Boston Capital is helping make possible the development of Marley Meadows, a new 36-unit affordable multifamily community in the central Maryland town of Glen Burnie.
Recently Completed Premier Fifth Avenue Condo Debuts New Model Unit
Shoppers seeking the best of the best in Manhattan condominium accommodations are getting a new glimpse of what could be their future home at The Residences at 400 Fifth Avenue.
JV Plans 500 Apartments on Jersey City Waterfront
Mack-Cali Realty Corp. and Ironstate Development Co. have formed a joint venture to develop multifamily rental property on the Jersey City waterfront.